Proposed GST rates suggest limited impact on most sectors

Goods and Services Tax - GST - Dated:- 4-11-2016 - Multiple GST tax slabs are perhaps necessary in India given the wide disparity in consumption levels and they are likely to have limited impact on most sectors, says a report. A large number of tax slabs agreed upon by the GST Council may however dilute some of the benefits of the GST system, but preliminary understanding of the proposed tax rates suggests broadly neutral impact for sectors, said the report by Kotak Institutional Equities. The s .....